Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Nado+0.088%7-day average +0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$520.522% of the position

Long on Nado Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.088%, 7d avg +0.105%

Together, before fees−0.049%+ Points / potential airdropNado: Active · farm board−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BNB-PERP	787.45	0.0100	pay 0.0012% / 1h	49m 46s	$1.4M	$2.7M	20x
Short	SunX BNB-USDT	788.14	0.0100	get 0.0100% / 8h	2h 49m	$12K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee NadobpFee SunXbpOrdersPrice spread, now +0.088%Rate

Funding earned: $0
Price spread: +0.088% → +0.105%: −$1.69
Slippage, 4 orders: −$37.17
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$53.86
Costs to cover: 0.522%
Break-even: 5533153349185365.0 days

Slippage from Nado: live order book, 4 min ago; SunX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Nado live order book, 4 min ago	0.06 bp	3.6 bp −$4	8.6 bp −$86	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	15.06 bp	23.5 bp −$24	30.6 bp −$306	doesn't fit	doesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX BNB/USD [WBTC.b-USDC]	L −0.0192% / S +0.0356%	1h	787.28	−0.021%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.68	+0.029%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.06	+0.077%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.31	−0.018%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0028%	8h	787.86	+0.051%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.240%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0039%	8h	787.45	0.000%	—	$22.2M	—	as long as short
MEXC BNB_USDT	+0.0050%	8h	788.20	+0.095%	$79.9M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0051%	8h	787.81	+0.045%	$490.8M	$804.9M	75x	as long as short
Phemex BNBUSDT	+0.0055%	8h	787.59	+0.018%	$68.9M	$50.8M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	786.98	−0.060%	$2.5M	$1.2M	50x	as long as short
dYdX BNB-USD	+0.0071%	1h	787.06	−0.050%	$159K	$61K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.46	+0.001%	$578K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.40	−0.007%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.23	−0.028%	$265K	$490K	50x	as long as short
Nado BNB-PERPlong	+0.0100%	1h	787.45	long leg	$1.4M	$2.7M	20x
Hyperliquid BNB	+0.0100%	1h	787.69	+0.031%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.49	+0.006%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.21	−0.030%	$138.3M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.20	−0.032%	$53.4M	$111.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.40	−0.006%	$52K	$134K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.05	−0.051%	$36.2M	$57.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.08	−0.047%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.97	−0.061%	$76.2M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.39	−0.008%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.11	−0.043%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.81	+0.046%	$4.1M	$74.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.81	+0.046%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.35	−0.013%	$132K	$953K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.39	−0.008%	$31K	$12K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	788.14	+0.088%	$12K	$1.5M	50x
HTX BNB-USDT	+0.0100%	8h	787.10	−0.044%	$8.1M	$9.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.70	+0.032%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.74	−0.090%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.29	−0.020%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	787.41	−0.005%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0127%	1h	787.30	−0.019%	$387K	$997K	10x	as long as short
Kalshi KXBNBPERP	+0.0131%	8h	787.90	+0.057%	$122K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0171%	8h	787.85	+0.051%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0197%	8h	788.13	+0.086%	$2.9M	$29.2M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.63	+0.022%	$1.5M	$143K	25x	as long as short
Bulk BNB-USD	+0.0260%	1h	788.17	+0.092%	$639K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	788.18	+0.093%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.30	−0.019%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	787.82	+0.046%	$1.1M	$908K	20x	as long as short
Hibachi BNB/USDT-P	+0.0448%	1h	787.89	+0.056%	$67K	$39K	12x	as long as short